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Foreign portfolio investor legroom gains for Kotak Mahindra Bank The investment legroom for foreign portfolio investors (FPIs) has inched up further in Kotak Mahindra Bank. During the quarter ended December 2022, the FPI holding in the private sector lender fell 1 basis points quarter-on-quarter to 39.26 per cent. The FPI holding has come off from a high of ...

Gold price up 17% in one year; closes last week at Rs 56,443 [ad_1] Gold price up 17% in one year; closes last week at Rs 56,443 [ad_2]

Credit Saison India receives Rs 540-crore capital infusion from parent firm Digital non-banking finance company Credit Saison India has received Rs 540 crore in fresh capital from its Japanese parent Credit Saison Company, taking the total equity infusion to Rs 1,600 crore. The Bengaluru-based digital lender said the latest capital infusion came from Saison International, ...

Budget 2023 income tax: Why there is a case for increased standard deduction on salary [ad_1] Union Budget 2023: The Income-tax Act, 1961 not only provides for levy of tax on income, but it also provides various methods for claiming deductions and rebates. Generally, deductions are allowed based on how taxpayers spend their money. The standard deduction is one such ...

Carlyle, Advent fully supportive, says YES Bank MD after AT1 bond setback Private equity (PE) majors — Carlyle Group and Advent International — which picked up a 9.99 per cent stake each in YES Bank are “fully supportive” of the lender and there are no downside risks in terms of them exercising their warrant option, Prashant Kumar, ...

Budget 2023 income tax: Why FM should plug this Provident Fund double taxation possibility [ad_1] (This story originally appeared in on Jan 20, 2023) Budget 2023 income tax: Did you know that your Provident Fund or PF can be “double-taxed” under certain conditions? In a pre-Budget 2023 interview with TOI, Poorva Prakash, Partner, Deloitte India, says that amendments on the ...

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RBI orders SBM Bank to stop transactions under remittance scheme The Reserve Bank of India on Monday ordered SBM Bank (India) Ltd to stop all transactions under the liberalised remittance scheme until further orders after the regulator found “material supervisory concerns” in the bank. The scheme allowed Indian residents to freely remit funds abroad up to $250,000 per financial ...

New bank locker rules: RBI extends deadline for banks to renew locker agreements [ad_1] The Reserve Bank of India (RBI) has announced that it has extended the deadline for banks to finish the process of renewing agreements for existing safe deposit locker customers in a phased manner by December 31, 2023. “It has come to the notice of RBI that ...

Banks get time till Dec 31 to execute revised agreement with locker holders The RBI on Monday extended the time till December-end for banks to enter into revised agreements with safe deposit locker holders as a large number of customers are yet to do so. In August, 2021 the Reserve Bank of India (RBI) had ...